Increased other-operating income boosts Net Profit of ICFC Finance in Q1; EPS stands at Rs 40.46 and PE of just 6.57 times
Wed, Nov 11, 2020 5:49 AM on Company Analysis, Latest,
ICFC Finance Limited (ICFC) has posted an increment in net profit by a massive 206.50% in the first quarter of the fiscal year 2077/78. The net profit rose to Rs. 9.37 crores from Rs. 3.05 crores of the corresponding quarter of the previous year.
As per the quarterly report, the company had a other-operating income of Rs. 13.05 crores which pushed the net profit to that extent.
The loans and advances for the quarter decreased by 5.48% to Rs. 8.47 Arba from Rs. 8.96 Arba. The deposit increased by 3.19% to Rs. 13.04 Arba in this quarter.
The Net Interest income (Core business revenue) for the company decreased by 5.49% to Rs. 10.20 crores. The operating profit for the company stood at Rs. 13.38 crores in this quarter.
ICFC’s has a paid-up capital of Rs. 92.65 crore and a reserve and surplus of Rs. 42.91 crores.
Its Non-Performing loan (NPL) has increased to 0.53% in this quarter. Its annualized Earnings per Share stands at Rs. 40.46 and net worth per share stand at Rs.146.32. The company traded at a P/E multiple of 6.57 times.
Financial Highlights:
* 2076/77 figure are of Immediate Previous Year Ending.
|
Particulars (In Rs '000) |
ICFC Finance |
||
|---|---|---|---|
|
Q1 2077/78 |
Q1 2076/77 |
Difference |
|
|
Share Capital* |
926,502 |
926,502 |
0.00% |
|
Share Premium* |
0 |
0 |
|
|
Retained Earnings* |
117,864 |
146,671 |
-19.64% |
|
Reserves* |
311,286 |
247,758 |
25.64% |
|
Deposits from Customers* |
13,042,124 |
12,638,486 |
3.19% |
|
Loans & Advances to customers* |
8,475,013 |
8,966,484 |
-5.48% |
|
Net Interest Income |
102,031 |
107,959 |
-5.49% |
|
Other Operating Income |
130,531 |
4,399 |
2866.96% |
|
Impairment Charge/(Reversal) |
40,954 |
8,820 |
- |
|
Personnel Expenses |
46,526 |
33,209 |
40.10% |
|
Operating Profit |
133,886 |
43,612 |
206.99% |
|
Profit/(Loss) for the Year |
93,720 |
30,577 |
206.50% |
|
Total Comprehensive Income |
102,428 |
30,577 |
234.98% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
30,192 |
|
|
|
Capital Adequacy Ratio (CAR) |
14.08 |
13.24 |
6.34% |
|
NPL |
0.53 |
0.28 |
89.29% |
|
CCD (as per NRB Directives) |
65.92 |
72.49 |
-9.06% |
|
Cost of Fund (%) |
7.91 |
9.35 |
-15.40% |
|
Interest Rate Spread (%) |
4.66 |
4.9 |
-4.90% |
|
Base Rate (%) |
8.58 |
10.98 |
-21.86% |
|
Annualized EPS (In Rs.) |
40.46 |
13.20 |
206.50% |
|
Net Worth per Share (In Rs.) |
146.32 |
142.57 |
2.63% |
|
Qtr End PE Ratio (times) |
6.57 |
- |
- |
|
Qtr End Market Price |
266 |
- |
- |
